Guangzhou Auto and Fiat-Chrysler currently work via a joint-venture to produce cars for the Chinese market, but the automaker is interested in enhancing its relationship, especially as it eyes expansion to the United States.
Bloomberg reported on Monday that the Chinese and U.S. automaker have begun discussions over models, production and sales, Guangzhou Automobile President Feng Xingya said. Notably, Vincenzo Longo, a strategist at IG Markets in Milan, said the Chinese automaker has a real interest in “deepening” its relationship with FCA for markets outside of China.
Guangzhou also wants to export its Trumpchi vehicles to the U.S. market in 2019 and Feng alluded to U.S. production of the cars if the exports are well received in the market.
“We are very satisfied with our cooperation with FCA,” the executive said. “We have yet to reach a conclusion on how to cooperate with FCA when we begin manufacturing in the U.S., and we have also not begun discussions with other Chinese automakers on whether to make cars together in the U.S.”